2-50: Aetna 7/1 Rate Reductions

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Jul 11, 2011

Aetna Small Group (2-50) announced revised MC plan rates for both new and renewing business for July - September 2011 effective dates. There are no changes to HMO rates. The revised MC plan rates are available in bpQuote.

All new business approved following this announcement will be approved with the revised rates.

New business approved prior to July 7th for July - September effective dates will not be rerated. These groups will instead receive a credit for the months of July and August on their September bill.

Renewing Business

All groups renewing in July and August will receive a credit for the months of July and August on their September bill.

All groups renewing in September will be billed with the revised rates.

Other Items to Keep in Mind

New groups approved and installed by Aetna prior to July 7th will receive the new rating adjustment no later than their September bill.

New groups approved after July 7th will receive the rating adjustment at the time the group is approved.

Since renewals for July, August, and September have been mailed in order to ensure the 60-day notification, groups renewing within these months will see updated rates with a premium credit on their September bill.

Aetna will be sending a letter to the impacted groups notifying them of the rate adjustment.